There have been a mounting number of class-action lawsuits of late over the retirement savings plans offered by corporations and institutions such as universities. Against this backdrop, today’s article examines some of the main allegations at the heart of many of these lawsuits, thus identifying ways in which plan sponsors can shortchange retirement savers in general. From excessive fees, to offering too much choice, to financial companies “self-dealing” their own (poor) mutual funds, CLICK HERE to read more about what is driving this deluge of lawsuits – and what all retirement plan participants need to be cognizant of.
